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The move threatens to have a big impact in Canada, a major source of the metals in the US.
The billionaire's attorney, Marc Toberoff, confirmed he submitted the bid for "all assets" of the company on Monday.
The supermarket says the rise will benefit about 28,000 employees as it becomes the latest chain to lift wages.
Beijing's move comes after President Donald Trump imposed a 10% levy on goods imported from China.
Kindness influencers give away money and gifts but not everyone supports their work.